L&G completes £285m buy-in with Fortune 500 company

Victoria Tichá
clock • 2 min read

A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).

The undisclosed company appears in Fortune magazine's annual list of the 500 largest US corporations ranked by revenues. The deal, announced today (18 September), is a full scheme buy-in which i...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Molins UK scheme and Aviva manufacture £249m buy-in deal

Molins UK scheme and Aviva manufacture £249m buy-in deal

The BPA transaction secures the benefits of over 3,500 scheme members

Holly Roach
clock 01 July 2025 • 2 min read
Milliken Industrials scheme secures £44m buy-in with Royal London

Milliken Industrials scheme secures £44m buy-in with Royal London

Transaction secures the benefits of 500 scheme members

Holly Roach
clock 27 June 2025 • 2 min read
Baker Hughes schemes complete buy-in deals worth £900m with PIC

Baker Hughes schemes complete buy-in deals worth £900m with PIC

Three deals secure the benefits of 3,000 pensioners and dependants and nearly 4,000 deferred members

Holly Roach
clock 26 June 2025 • 2 min read
Trustpilot